Amendment status not verified — confirm the current text below against the official source.
Consideration of budget estimates by Corporation.— 1[(1) At a meeting of the Corporation which shall be called for some day 2[in March], 3[not later than the tenth] 4[Budget Estimates ‘A’, ‘B’ and ‘C’ prepared by the Standing Committee as also the Budget Estimates ‘E’ prepared by the Education Committee with the report of the Standing Committee thereon] shall be laid before the Corporation and they shall proceed to consider the same. 5[(2) At meeting of the Corporation which shall be called for some day in January not later than the tenth, the budget estimate ‘C’ prepared by the 6[the Brihan Mumbai Electric Supply and Transport Committee with the report of the Standing Committee thereon] shall be laid before the Corporation and they shall proceed to consider the same.]] 7[128. Fixing rates of municipal taxes and of fares and charges of 8[Brihan Mumbai Electric Supply and Transport Undertaking].— (1) The Corporation shall, on or before the 9[twentieth day of March] after considering the 10[Standing Committee’s] proposals in this behalf,— (a) determine, subject to the limitations and conditions prescribed in Chapter VIII, the rates at which municipal taxes shall be levied, 11[* *] in the next ensuing 12[official year:] 13[Provided that, the Corporation may determine different rates of property taxes for different categories of users of a building or land or part thereof; and] (b) approve, subject to the limitations and conditions which may have been prescribed by or under any of the enactments or any licence referred to in clause (i-a) of sub-section (2) of section 126B, the rates at which the fares and charges in respect of the 14[Brihan Mumbai Electric Supply and Transport Undertaking] shall be levied. (2) Except under sections 134, 196, 460H and 460I, the rates so fixed and the articles so appointed shall not be subsequently altered for the year for which they have been fixed.] 15[(3) Notwithstanding anything contained in sub-sections (1) and (2), the Corporation may, 16[at any time during the official years 2010-2011, 2011-2012 and 2012-2013] determine, separately for each of the said 17[three years], the rates of property taxes for different categories of users of a building or land or part thereof. The rates of property taxes so determined shall be effective and shall be deemed to have been effective from the 1st of April of those 18[three years] and the taxes for the said 19[three years] shall be leviable and payable at the rates so determined.] 20[129. Final adoption of Budget estimates.— Subject to the requirements of sub-section (1) of section 128, the Corporation may refer 21[Budget Estimate ‘A’ or Budget Estimate ‘B’ or Budget 1 Section 127 was renumbered as sub-section (1) and sub-section (2) was inserted by Mah. 70 of 1975, s. 13(1). 2 These words were substituted for the words “in January, not later than the tenth” by Mah. 70 of 1975, s.13(2). 3 These words were substituted for the words “first later than the twentieth” by Mah. 21 1989, s. 29. 4 These words were substituted by Mah. 27 of 1999, s. 66(a). 5 Section 127 was renumbered as sub-section (1) and sub-section (2) was inserted by Mah. 70 of 1975, s. 13(1). 6 These words were substituted by Mah. 27 of 1999, s. 66(b). 7 Section 128 was substituted for the original by Mah. 32 of 1966, s. 4. 8 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 9 These words were substituted for the words “twenty fifth day of March” by Mah. 21 of 1989, s. 21. 10 These words were substituted for the words “Mayor-in-Council” by Mah. 27 of 1999, s. 67. 11 The words “and the articles on which octroi shall be levied,” were deleted by Mah. 42 of 2017, s. 4, w.e.f. 1st July 2017. 12 These words were substituted for the words “official year; and” by Mah. 27 of 2010, s. 2(1)(a). 13 This proviso was added by Mah. 27 of 2010, s. 2 (1)(b). 14 These words were substituted for the words “Bombay Electric Supply and Transport Undertaking” by Mah. 25 of 1996, s. 2, Schedule. 15 Sub-section (3) was substituted by Mah. 11 of 2011, s. 2. 16 These words and figures were substituted for the words and figures “at any time during the financial years 2010-2011, 2011-2012 and 2012-2013” by Mah. 6 of 2012, s. 2(i). 17 These words and figures were substituted for the words “two years” by Mah. 6 of 2012, s. 2(ii). 18 These words and figures were substituted for the words “two years” by Mah. 6 of 2012, s. 2(ii). 19 These words and figures were substituted for the words “two years” by Mah. 6 of 2012, s. 2(ii). 20 This section was substituted for the original by Bom. 48 of 1948, s. 31. 21 This portion was substituted by Mah. 27 of 1999, s. 68. 180 The Mumbai Municipal Corporation Act [1888 : III Estimate ‘E’ or all or any of those estimates back to the Standing Committee and Budget Estimate ‘C’ back to the Brihan Mumbai Electric Supply and Transport Committee and Budget Estimate ‘E’ back to the Education Committee] for further consideration, or adopt the budget estimate, or any revised budget estimates submitted to them as they stand or subject to such alteration as they deem expedient: Provided that the budget estimates finally adopted by the corporation shall fully provide for each of the matters specified in clauses (b), (c) and (d) of sub-section (2) 1[of section 126] and for each of the matters specified in sub-section (3) of section 126B 2[ and clauses (a) and (b) of sub-section (2) of section 126D] 3[and sub-section (2) of section 126F], as the case may be.] 4[129A. Estimates of expenditure and income deemed to be budget estimates.— Notwithstanding anything contained in this Act, if for any reason the corporation has not finally adopted the budget estimates before the commencement of the official year to which they relate, the statement of expenditure and income prepared by the Commissioner under section 125 5[and estimate prepared by the General Manager under section 126A] shall be deemed to be the budget estimates for the year until the corporation duly adopts the budget estimates as per the provisions of this Act.] 6[130. Budget grant defined.— The total sum entered under a major head on the expenditure side, which has been adopted by the Corporation, shall be termed as “budget grant”.]